President Visits NIH Pharmacy, Discusses Efforts to Reduce Prescription Drug Prices
Photo: Chia-Chi Charlie Chang
President Joe Biden visited a pharmacy at NIH’s Clinical Center on Dec. 14 to discuss efforts to reduce the costs of prescription drugs.
“We’re here at a pharmacy today at the National Institutes of Health to talk about my administration’s work to crack down on price-gouging, to lower prescription drug costs, to put money back in the pockets of hardworking families and to reduce government spending on prescription drugs at the same time,” Biden said, flanked by NIH leaders and pharmacists.
The president discussed the inflation reduction legislation he signed as well as other initiatives to urge Big Pharma to lower the prices they charge for drugs developed using federal research funds.
“We’re going to keep fighting to lower prescription drug costs—not just for seniors, but for everyone—to expand health care coverage, to keep building an economy from the bottom up,” Biden concluded. “Our health care is a right, not a privilege and patients come before profits. I know we can do this.
“...In this area, we’re not only working to cut costs for people needing the drugs, [but also] are cutting the cost for the average taxpayer, so they don’t have to pay as much to fund Medicare. This is a doubleheader to save the taxpayer money.”
Photo: Chia-Chi Charlie Chang